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.k. phone hacking scandal. i'm kiran chetry. in just hours, rupert murdoch will face parliament. we're live in london. >> no break in the debt ceiling talks but the white house insists that backstage progress is being made to reach a deal before the august 2nd default deadline on this "american morning." >>> good morning to you. thank you for being with us. 6:00 a.m. in new york this morning. tuesday, july 19th. i was hearing that in parts of iowa the heat index felt like 130 yesterday. it's been brutal out there. >> even this morning on the east coast, it felt different. it felt hotter. we'll be covering that. >>> we're watching that and millions are watching with a worldwide media empire hanging in the balance rupert murdoch is just hours away from facing his defining moment. in less than four hours, murdoch, his son and former top newspaper executive will appear before the british parliament. >> they will be asked what they knew about this phone hacking scandal that's growing wider by the day. it's threatening to take down news corp and perhaps murdoch himself. >> and the question is wha
finance and criminal allegations, the whirlwinds rocking rupert murdoch's mighty mediame empire. >>> markets in europe are deep in the red on heels of steep markets across asia. how are things moving where you are? >> down, a third session of losses and quite heavy ones. let's check in with the markets. really quite heavy, off by more than 2%, comfortably more than 2%, and with the paris and zurich off by 2.1%, zurich off by more than 2.1% and the same theme as we saw in monday's session which is the banks very heavily being sold at the moment heavily, there is clearing great deal of worry about the contagion spreading to italy about this moving into a generalized crisis with a lot of banks really coming under pressure with non-performing government bonds on their books, and just one other theme, thomas cook is down on a profit warning, but really the whole worry about italy's finances very much putting all of that in state and look at that on the milan stock exchange we're looking at a punishing session off by 4.25%. let's move on to the currency markets not surprisingly we're
, you're a rupert murdoch customer. the murdochs both father and son have their work cut out for them. >> they have two different things in their testimony tomorrow. they got acknowledge responsibility. they have to say that what is completely obvious is that this wasn't abe ration, it was apparently thousands of people who were hacked and the idea they didn't know is propest rous. at the some time, they can't con fes to crimes. >> another twist a former news of the world reporter a man who blew the whistle has been found dead in his home. one of the first to go on the record saying that his colleagues were encouraged to hack. the death is being treated as unexplained but not suspicious. the hacker group hit the sun, a murdoch paper, it posted fake articles and now some hackers saying they're sitting on news of the world e-mails. >>> two weeks until america runs out of money to pay its bill. just under half of the americans have confidence that president obama will hado the right thing. they're lingering between 25 and 35%. you can see president obama at less than half. 45% is higher
on either side of rupert murdoch. the pressure is rising on the media mogul. it was britain's worst peacetime act of terrorism. but now, there are concerns that families of those killed on 7/7, in 2005, were also eavesdropped upon by the british tabloid, "news of the world." graham lost his son, david, in the attack. and says his phone may have been hacked by reporters. >> the thought that somebody may have been listening to me begging for david to phone home. i thought we were in a dark place and i didn't think anybody could make it darker. but i'm proved wrong. >> reporter: the phone hacking scandal is so shocking, it's prompted an emergency debate in britain's parliament. >> it's make the public. and i feel so appalled by what's happened. murder victims, terrorist victims, who had their phones hacked. that's why there's a full police investigation, with all of the powers they need. we have the inquiries to get to the bottom of what went wrong. >> reporter: it's put former "news of the world" editor, rebecca brooks under incredible pressure. he's now chief executive of the parent
on the right with rupert murdoch on the left. she could be questioned by police today. les hinton told investigators in 2007 that the firm hiking was limited to one reporter. news internation nal said that that conclusion was based on an examination of 2,500 e-mails. but the shocking resch lagss continued to pile up and i suppose the rest is history and now media mogul rupert murdoch has flown no to take part in what is just a mench. he's trying to save the takeover of his british sky broadcasting known as b sky b. it does have the backing of news corps. despite that monday's independence says the deal appears, quote, dead in the water, pauline. >> well, charles, let's take a look at how all of this has affected the stock. it's dented news corps shares. it was one of the worst performing stocks on the sydney today, down 5.1%. at the close on this monday, it was selling at 15 aussie dollars. with the deal in question, it could slide even further. charles? >> don has been following this saga and joins us outside the house of commons. dan, what is the mood. is there a mood to stifle this
that brought down -- that is bringing down parts of rupert murdoch's news empire. i'll get you more on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. b
the "news of the world" hacking scandal is the talk of the nation. both political parties say rupert murdoch should drop his bid to buy a major satellite broadcaster. prime minsters david cameron wants an inquiry. they've called for murdoch, his son james and a former editor of the newspaper to testify before parliament this week. >> there are an awful lot of questions as to why this continued for so long, who authorized it, the extent of the activity, not just now, but also, we understand in other international newspapers, possibly even wider. there are an awful lot of questions that have to be addressed. >>> the scandal has torpedoed shares in murdoch's company. news corp's shares are down 14% since july 4th. >>> police in florida arrested a plan they think shot and killed a priest. apparently the suspect made the manhunt pretty seize zi. jeremy mariani gunned down the priest at a beach house in mississippi, stole the money and the car and took the family to disney world. the s.w.a.t. team nabbed him outside of world. >>> quickly, let's talk about the alleged tucson gunman, loughner. a fe
. >>> media baron rupert murdoch has abandoned his attempt to take over bskyb. it was dropped after all the parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch's media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he's 4 surgery. >>> those are the headlines. those are the headlines in cnn in london. "world business today" starts now. >>> very good morning to you from cnn rome. >> and good afternoon from cnn hong kong. i'm pauline chu and this is "world business today." these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there's a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. >>> meanwhile, italy races to push through austerity measures and restore confidence in the country's economy. >>> plus, rup
.m. on the west coast. i'm kyra phillips. thanks for joining us. >>> rupert murdoch facing new allegations of slesing reporting tactics. two more of his newspapers engulfed in scandal. live images now as two crew members from the international space station begin a lengthy list of chores. >>> cia plot revealed in the chase of osama bin laden. we will tell you about the fake vaccination drive to collect dna samples. >>> we begin this morning with the most powerful media empirs in the world rocked by a scandal that grows deeper and wider. two more of rupert murdoch's newspapers in great britain now face their own accusations of appallinging wrong doing. their report target no less than the royal family and a former prime minister. in fact, gordon brown says the paper had links to criminals in order to hack into his bank accounts. and the medical records of his seriously ill son. meanwhile, members of parliament are demanding tough answers from police. how do they not uncover a hacking conspiracy that could mushroom to thousands of victims? let's get the latest from rivers live in london. the
:00 am out west. british tabloid news of the world should down, owner rupert murdoch, the murder victim's family, says has not apologized. >>> urgent talks on how to slash spending head back to the table today. >>> we begin with more stunning allegations against british tabloid "news of the world." "the daily mirror" is reporting that staffers with the now defunct paper tried to hack into the phones of 9/11 victims. owner rupertmurdoch arrived in london. zain verjee has all the details. >> british tabloid "the mirror" is quoting a former new york city cop that's making these allegations that "news of the world" journalists tried to hack into the mailboxes and voice mails of victims of 9/11. now, this former cop says he was contacted by "news of the world" journalists who said they would pay him to retrieve these phone records right the way through and to 9/11, calls to the relatives, to give them the ability to see exactly who the victims were talking to up until 9/11. this former new york city cop is now a private investigator and he is saying, according to "the daily mirror" report, t
. >>> the british government looks to back calls from rupert murdoch to drop his bid for bskyb as phone hacking allegations surrounding his uk newspapers continue to chip away at the value of his entire media empire. >>> china's building boom shows no signs of slowing down much to the dismay of this man who calls this makeshift building his home. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. [ding] announcer: clean kitchen surfaces, utensils, and hands with soapy water. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back. live from rome and hong kong, you're watching "world business today" on cnn. >>> for media tycoon rupert murdoch, the sky may indeed be the limit. we're talking about british sky broadcasting. a downing street source tells c flfrnlthsn the british government will back
been set. >>> rupert murdoch is back in the united states. he and his wife returned to their new york home yesterday. there is a lot on rupert murdoch's plate. news corp. is facing an fbi investigation and at least two u.s. based lawsuits filed by shareholders. also a possible standard & poor's downgrade. >> developing cnn learning at least 22 deaths blamed on the stifling heat gripping the nation. right now more than 140 million people in at least 30 states are under advisories or warnings dealing with near triple-digit temperatures. expected to stay in place through joust the weekend. >>> terrorists may be targeting private u tilts in the united states. department of homeland security putting state and local law enforcement on alert for potential threats. while there is no specific credible intelligence, officials say, quote, several recent incidents highlight the ongoing threat to private sector utility facilities. >>> some 22 thousand state workers in minnesota are back on the job this morning. they had been out of work since july 1 because of a government shutdown in that state.
" continues right now. >>> i'm kiran chetry. rupert murdoch's media empire under fire. his reporters how accused of illegally invading the privacy of britain's former prime minister as this hacking scandal widens. we're live from london ahead. >> i'm ali velshi. much of the country literally feeling the heat and relief from the summer scotcher may be days away on this "american morning." >>> and good morning to you. thanks so much for being with us on this "american morning." it's tuesday, july 12th. christine has the morning off. >> we've got a lot of news this morning, including some breaking news out of afghanistan. >> that's right. we begin there where afghan president hamid karzai's half brother was found shot to death at his home. ahmed wali karzai was the provenÇal council chief of kandahar. he suffered gunshot wounds to his head and chest according to hospital officials. a spokesman for kandahar's government said a guard killed karzai. the taliban says -- >> we've seen the worst so far. excessive heat warnings and advisories posted in 23 states. the heat in many areas could reac
listening to them giving her family and friends thoughts that she was still alive. rupert murdoch has not apologized to them and they're pretty upset with the paper's, quote, self-congratulatory" issue. here oh's what the president said on the last day. >> it's really been a great day, a wonderful newspaper. >> now there are accusations that the newspaper also bribed police officers and hacked the phone messages of terrorist victims. >> the u.s. is withholding $800 million to pack stab. its's a smack down for them expelling u.s. military trainers. they hope holding all the money back will create pressure on them. >>> here's fake for you. $47 million. nearly two oust every $10 americans took in last year came from the government in if form of job else benefits, food stamps and social security. when extended benefits go away by the end of this year, some $37 billion won't go into people's accounts and won't go into the economy. time now for reynolds wolf in a atlanta. any flight days? >> not yet but they're sure to come. there are song strom storms coming. possibly major delays for chic
allegations against rupert murdoch's media empire. claiming the tabloid "the sun" improperly obtained information years ago about gordon brown's seriously ill son and published a story about him. brown says he's shocked by the allegations and the matter is in police hands. >>> this comes a day after the "news of the world" another murdoch tabloid sold its last issue. shut down amid accusations its reporters illegally listened to voice mails of terrorist victims, politicians and celebrities. >>> and anderson, happier news tied to a british power couple. victoria and david beckham are the proud new parents of a girl names harper seven. a close friend of theirs told us this seven was picked because it's a lucky number and the baby was born just after 7:00 a.m. on the seventh month. they say seven was also dad easi's jersey number when he played socker. >> i like it. >> i don't know if i want to be named after my dad's jersey. >> who am i to talk about names. i have the name of a 18th century law firm. >> dignified, it matches the grey hair. >> well i had nothing to do with it. >>> time f
higher ahead of the held in an hour. strong numbers on china pushing world markets higher. rupert murdoch's media empire take ago hit after the phone hacking scandal at "news of the world." the company include the fox television network and the "the wall street journal" here at home. >>> netflix is hiking prices by 60% who want to keep the mail and the streaming options. the company focuses on its streaming business and way from its dvd mailings. >>> coming up next, reports that the cia may be operating on a secret base in somalia. our question of the day. e-mail us, give us a tweet, tell (screams) when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investment objectives, risks, charges, expenses and other information. read and consider it carefully before investing. is it the new forty, i don't know. i probably feel about thirty. how is it that we don't act our age? [ marcie ] you keep us young. [ kurt ] we were having too much fun we weren't thinking about a will at that t
Search Results 0 to 15 of about 16